Might as well try "hounding" them and see what happens ;) A lot have gone on fishing expeditions with less attractive prospects that what's apparent here.
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Comments from S&G :
https://www.newshub.co.nz/home/rural...s-reports.html
Very much class action modus operandi.
Start building up a case, leak to the media and get others to join the class action and hopefully, whistle blowers to provide information (if any).
On Monday, law firm Slater and Gordon confirmed to Newshub a number of shareholders had "indicated their interest in potential proceedings" against the company, though "no proceedings have yet been filed".
Slater and Gordon class actions principal lawyer Kaitlin Ferris said the company expects more investors will continue to come forward as the investigation is completed.
"A2 Milk gave market guidance in August 2020 which promised strong growth in revenue – subsequently, the company issued four downgrades to revenue and EBITDA margin guidance," Ferris said.
"Slater and Gordon is investigating whether the information ultimately released by A2 is likely to have been known to the company at an earlier stage, and therefore whether A2 breached its obligations to keep investors informed of material information in a timely manner."
Ferris said the law firm expected to have reached a view about whether there is sufficient basis for a claim to be made in the coming weeks.
As far as I can tell, the class action is only for Aussie investors.
Certainly looks like an interesting Rat's nest for the investigating
May well be something a bit more smelly lurking
After all, an outfit this size doesn't throw it's records & papers into a large box and turf it across
the Accountants counter every 6 or 12 months..
Probably deserving of a bit of delving back into the last CEO's reign too .. ;)
A CEO doesn't normally liquidate their allocated parcels in a large bundle, shortly before running off elsewhere..
Hopefully any potential action will be opened up for all eligible shareholders ..
China to the rescue .....
China allows couples to have three children https://www.bbc.co.uk/news/world-asia-china-57303592